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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 17, 2009) - Columbus Energy Limited (TSX VENTURE:CEL) -

The Company has negotiated, subject to regulatory approval, a 14,000,000 unit private placement at $0.05 per unit to gross $700,000. Each unit will consist of one common share and a transferable five year purchase warrant allowing the purchaser to purchase an additional share at a price of $0.10. A finder's fee will be paid on a portion of the placement.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.